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Some Ipswich property markets set to jump by up to 20%

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HOUSE prices in some of Ipswich’s core suburbs are tipped to potentially lift by 20% within a year and masterplanned communities are also set to be hot property.

The median sale price of Ipswich homes for the September quarter was $320,000, up 1.6% on the previous quarter.

Year on year Ipswich’s median house sale price rose 4.6% and there was no change from five years ago.

Click here for an interactive look at your local property market data

Booval and Silkstone recorded some of the highest median sale price increases for the quarter and were predicted to climb further this year.

Booval’s median sale price rose 8.2% to $289,500 and Silkstone was up 7.1% to $287,000.

Ray White Ipswich principal Warren Ramsey said these core suburbs and any areas along the railway line were poised for growth.

“It’s not unlikely we could see a 20% rise in 12 months,” Mr Ramsey said.

Karalee also recorded an 8.7% rise on the last quarter, impacted by sales of acreage properties.

It had one of the highest median sale prices for the region at $540,000.

Mr Ramsey said the price bump was promising for the local market and while people were now paying more for good properties, the gap between Ipswich and Brisbane was still huge.

“If every house in Ipswich put 25% on it, it’s still better value than the western suburbs of Brisbane,” Mr Ramsey said.

REIQ Ipswich zone chair Darren Boettcher said masterplanned communities such as Springfield Lakes, Ripley and Augustine Heights would also be boom areas as they provided the lifestyle factor.

“You’ve only got to look at what Springfield has done catering for all the families – you’ve got water parks, green spaces and shopping centres,” Mr Boettcher said.

Mr Boettcher said people were “trading up” to new land packages in Springfield and others were moving to the area to downsize.

He also said Eastern Heights was a good pick for people wanting to invest in a core Ipswich suburb as it was close to schools and sporting fields.

“It’s such a great area, flood-free and with views from some of the elevated blocks,” he said.

Mr Boettcher said Ipswich properties were still being undervalued by about $50,000 so people could get homes in close proximity to Brisbane at much cheaper prices.

“People are starting to realise that heading west makes good financial sense,” he said.

No slowing down for Ipswich’s strong-performing suburbs

HOUSE and land packages and homes near Springfield are being snapped up as property experts predict Ipswich’s sought-after suburbs will not slow down in 2016.

Sales activity was up 12% for the September quarter and Redbank Plains, Springfield Lakes and Raceview had the highest number of house sales.

PRDnationwide Ipswich principal Craig Mendoza said these areas were booming thanks to an abundance of house and land packages enticing buyers.

Mr Mendoza said “affordability and proximity to Springfield” were key factors for many buyers.

“There is so much infrastructure there and there are a lot of reasons buyers would want to live there,” he said.

“Everything is there now – private schools, hospital, cinemas and rail network. The parklands as well are amazing.”

There were 718 house sales in Ipswich for the September quarter and 58 acreage properties sold.

Mr Mendoza said he had seen a trend of young couples wanting new houses on smaller allotments.

“Their first home is a brand new home and land package, not a second-hand house,” he said.

The city’s affordable prices were also a drawcard, he added.

“You can get a new four-bedroom house with all the bells and whistles in the low $300,000s,” he said.

Mr Mendoza said Ipswich was still an ideal option for investors and offered good rental yields.

“Investors should consider Ipswich as a good place to invest in property for their future,” he said.

“There’s more and more infrastructure and growth coming to the region.”

REIQ Ipswich zone chair Darren Boettcher said there was a lot of confidence in the city’s “buoyant” market and expected the growth to continue.

“In the next three to five years it will be strong, steady growth,” he said.

– Brigid Simeoni

 

SPRINGFIELD LAKES

Size: About 5sq km with eight parks.

Predominant age group: 0-14 years.

Households: Primarily couples with children/professionals.

Likely mortgage repayments: $1800-$2400 a month.

Ownership: 53.4% of homes owner occupied.

 

REDBANK PLAINS

Size: About 18sq km with four parks.

Predominant age group: 0-14 years.

Households: Primarily couples with children.

Likely mortgage repayments: $1800-$2400 a month.

Ownership: 47.3% of homes owner occupied.

 

SILKSTONE

Size: About 2sq km with two parks.

Predominant age group: 0-14 years.

Households: Primarily couples with children.

Likely mortgage repayments: $1400-$1800 a month.

Ownership: 63.6% of homes owner occupied.

 

KARALEE

Size: About 16sq km with seven parks.

Predominant age group: 0-14 years.

Households: Primarily couples with children/professionals.

Likely mortgage repayments: $1800-$2400 a month.

Ownership: 90.9% of homes owner occupied.

 

BOOVAL

Size: About 2sq km with one park.

Predominant age group: 0-14 years.

Households: Primarily couples with children.

Likely mortgage repayments: $1400-$1800 a month.

Ownership: 48.0% of homes owner occupied.

 

AUGUSTINE HEIGHTS

Predominant age group: 0-14 years.

Households: Primarily couples with children/professionals.

Likely mortgage repayments: $3000-$4000 a month.

Ownership: 67.7% of homes owner occupied.

 

EASTERN HEIGHTS

Size: About 2sq km with one park.

Predominant age group: 0-14 years.

Households: Primarily couples with children.

Likely mortgage repayments: $1800-$2400 a month.

Ownership: 67.5% of homes owner occupied.

* Source: CoreLogic RP Data

Originally Published On: http://www.qt.com.au/

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Residential

Work starts on Ipswich ‘affordable housing’ project

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Work starts on Ipswich 'affordable housing' project

GREAT START: Jennifer Howard MP with Darren Delaforce – Project Manager Housing and Public Works and Nick Simpson and Brett Johnston from Paynter Dickson Qld ‘turning the sod’ at the new social housing project in Booval.

A NEW social housing project has kicked off in Ipswich.

Works began this week at the Booval development near the train station.

The project is the first of many more to come and part of a $103million package to deliver safe, secure and affordable housing for Ipswich residents over the next five years.

The availability of affordable housing has been flagged as an issue in Ipswich.

The two-level, two-building project at 18 Dudleigh St will create six new homes and is expected to be finished before the end of July.

Assistant Minister for State and Ipswich MP Jennifer Howard said the two ground-floor units would offer enhanced accessibility and adaptability suitable for people with mobility challenges.

“The ground-floor apartments will be built to platinum standard of the universal Liveable Housing Design Guidelines and boast features such as wider hallways, level thresholds and provision for grab rails,” Ms Howard said.

“This ensures they are easily adaptable when the needs of occupants change over their lifetimes.

“The apartments will also be close to local shops, the Booval train station, bus stops and parks, ensuring they will enable better connections to support and health services, and encourage greater social, economic and cultural participation.”

Ipswich’s population is expected to grow by 11,000 people by 2027.

“It is important that we invest now in preparation for future demand,” she said. “The Department of Housing and Public Works continues to work closely with Ipswich City Council to respond to specific housing affordability issues in the city.

“We are also now seeing additional HCJP opportunities from the market to build social housing in Ipswich to further support and accelerate new construction and precinct development.”

The $103 million to be spent on affordable housing in Ipswich, via the State Government’s Queensland Housing Strategy, will create 383 new social housing homes and create 59 full-time industry jobs each year.

Housing Minister Mick de Brenni said the $103million investment was a key element of the strategy which was “transforming the way housing services were delivered”.

“This strategy is all about better supporting people in need, and creating a pipeline of development opportunities for local trades and builders,” Mr de Brenni said.

Originally Published: qt.com.au

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Residential

Defence Housing Australia launches new estate in Deebing Heights

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Defence Housing Australia has just launched Torhaven in Ipswich.

DEFENCE Housing Australia (DHA) has officially launched its new Torhaven development in Deebing Heights in Ipswich.

The $78 million project covers 27ha and will have 294 land lots. It will eventually deliver around 100 homes for Australian Defence Force personnel and their families, supporting the Air Force and Army at Ipswich’s Amberley base, with the remaining lots being opened to the public.

The first allocation of 43 Defence homes is due to be delivered in September next year. With the sales launch of the first 62 public purchase lots scheduled to start from November.

DHA’s chairman the Honourable J. A. L Sandy Macdonald, and managing director Ms Jan Mason, recently hosted local Ipswich resident and original landowner Mr Andy Rawlings, and Wing Commander Karen Breaden, for the ceremonial sod turning event.

The launch unveils DHA’s Torhaven development to the Ipswich community and marks the inaugural excavation works on the site.

“As DHA’s first major masterplanned community in the Ipswich region, we are indeed excited to mark the beginning of Torhaven,” Mr Macdonald said.

“Our vision for Torhaven is to create a sustainable and safe parkland community that’s characterised by high quality homes, tree-lined streets and shared community spaces.”

Around $2 million will be spent on parks and open space which will cover about 20 per cent of the site.

Property services group Oliver Hume has been appointed sales and marketing agent for the project.

Oliver Hume Queensland managing director Brinton Keath said the project was well positioned to take advantage of the strong market for new land in the Ipswich growth corridor.

“This corridor presents some of the best value buying of anywhere in Queensland at the moment,” he said.

“We would expect to experience strong demand from local buyers looking to upgrade into a new home, as well as families moving to the area for employment opportunities.”

Torhaven is a name derived from Tor, a high rocky hill, and haven, a place offering favourable opportunities or conditions — directly referencing the site’s natural features and honouring the use of the site by the local Rawlings family for over 40 years.

DHA acquired the site on 19 May 2015 from Mr Andrew ‘Andy’ Rawlings and his wife, Sandra, who are members of the same Ipswich family that founded Rawlings Shoes and mens wear in 1898. The Rawlings’ store still exists in its original location at 137 Brisbane Street in the Ipswich CBD.

“To begin this project alongside a family who has called Ipswich home for some 115 years, is an honour and is in the true spirit of the community feel we hope Torhaven personifies,” Mr Macdonald said.

 

Originally Published: www.weeklytimesnow.com.au

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Residential

$1.5bn Town Centre Under Construction As Developer Releases Second Neighbourhood To Market

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The $500m master planned development, “Ecco Ripley” has now released its second neighbourhood, “Lighthaven” to market, with 40% of the first release already sold. 

According to the Ecco Ripley website, Ripley Valley continues to grow and will reach an estimated population of 120,000 over the coming years, with the $1.5 billion Ripley Town Centre currently under construction.

Located in Ipswich’s western corridor Ripley Valley is expected to accommodate 25% of south-east Queensland’s population increase over the next 20 years. Ipswich is 40 kilometres west of Brisbane’s CBD.

Lighthaven comes to the market from developer Sekisui House following the release of the neighbourhood “Brooking Rise”, where more than 750 residents are living in, or building their homes.

The development master plan has received a 5 Star Green Star Communities rating from the Green Building Council of Australia.

ecco ripley

Artist’s impression of Ecco Ripley town centre

Sekisui House CEO and Managing Director Toru Abe said Lighthaven reflected the company’s commitment to rolling out the next generation in community living.

“Lighthaven embodies a new generation in lifestyle, in line with Sekisui House’s philosophy of creating all-encompassing living environments from the building of individual homes to infrastructure, roads, public spaces and amenities,” he said.

“Our holistic and sustainable approach to design and development is realised in both land and built-form with Lighthaven and the development of major infrastructure for the region with the Ripley Town Centre.”

Featuring more than 10 hectares of open space and parklands, Lighthaven will be at the heart of the Ripley Valley as the closest neighbourhood to the Ripley Town Centre, which will be just a short walk or cycle away.

Buyers in the initial release of Lighthaven will be moving into their new homes when the $40 million first stage of the Town Centre opens in early 2018.

Home owners in Lighthaven will be no more than 200 metres from the neighbourhood’s extensive open space and parklands, which includes seating, barbecues, shelters, walking tracks, parks, playgrounds, outdoor gym equipment and family activity areas.

Lighthaven’s first release comprises 38 lots that range in size from 300 sq m to 450 sq m, and are priced from $172,000.

Suitable for first home buyers, investors, upsizers and downsizers, Lighthaven lots are NBN-ready and offer natural gas connection.

Buyers have the option of building their home with a house-and-land package designed by Sekisui House or to use a builder of their choice.

With 20% of the overall community dedicated to parklands, Ecco Ripley will boast 75 hectares of recreation space, and already has planted more than 2000 native trees and 93,000 ground cover plants.

The Ripley Valley region is forecast to become home to as many as 120,000 people in the next 20 years.

Upon completion, Ecco Ripley is planned to comprise 4,300 homes, housing approximately 10,000 residents.

Ripley Town Centre is expected to generate 20,000 local jobs while the Ripley Town parklands will be one of five Ipswich City Council regional park destinations.

The Quay Family’s Ripley Medical Precinct is one of the company’s largest medical precincts to date and will offer a wide range of medical services including general practitioners, specialists, pathology, radiology, optometry, dental care, podiatry and other allied health.

 

Originally Published: www.theurbandeveloper.com

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